Colwell/General, Inc. v. Indiana State Board of Tax Commissioners

FISHER, Judge.

Petitioner Colwell/General Inc. (“Colwell”) appeals from a final assessment determination of the State Board of Tax Commissioners. Before the State Board, Colwell claimed (1) that certain of its inventory was entitled to an interstate commerce exemption because it was stored and shipped in its original packaging; (2) that even if the inventory was not stored and shipped in its original packaging, it was still exempt because its value would have been impaired had it been kept in its original packaging; and (3) that it was entitled to write down the value of another part of its…